TMUS pops to highest close since April 30th


T-Mobile US Inc. (TMUS) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
TMUS rallies 1.45% closing $0.85 higher
TMUS pushes through key resistance level
TMUS pushes through 50-day moving average
TMUS closes higher for the 4th day in a row
TMUS ends the day on a bullish note closing near the high of the day
TQ Sentiment
Report Sentiment: 71% Bullish
Technical Forecast:
Overview

Moving higher for the 4th day in a row, TMUS ended Thursday at 59.53 surging $0.85 (1.45%). This is the biggest single day gain in over a week. Today's closing price of 59.53 marks the highest close since April 30th. Closing above Wednesday's high at 59.09, the market confirms its breakout through the prior session's high having traded $0.61 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for TMUS
Volatility

Thursday's trading range was $1.08 (1.84%), that's far above last trading month's daily average range of $0.80. Weekly volatility is also higher, being above the markets average with the monthly volatility being below average.

Support/Resistance

Breaking through the key resistance level at 59.35 today, it is now likely to act as support going forward.

Trend

Although T-Mobile US is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory. The stock managed to break above the 50-day moving average at 58.99 today for the first time since April 10th.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for T-Mobile US Inc.
Condition Forecast Direction Win Avg Worst Best Events
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
RSI(14) above 70 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
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